CMP = 276.85 In 5 sessions from 222.20 to 276.85 (24.5%)
Hammer candle formed on top with huge volume.
Most likely will correct upto 261 (5.7%) upto 250 (9.5%)
Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. More accuracy more profit potential & controlled loss.
*DISCLAIMER* For educational purposes only. Not a recommendation. Treat StopLoss as your best friend to get you out of troubles.
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So far so good.
Trade active
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Target 1 achieved : 261 inspite of nifty being bullish so far.
Trade closed manually
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With nifty and bank nifty above resistance, doesn't look too likely for more correction. Content with achieving the first target.
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For educational purpose this chart has followed the technicals to the T
Operator is very intelligent, correction is already done on Friday and now the gap theory, in cash stocks candle is manipulative
CuriousChartist
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@rss9642, Thank you. You could be right as well but as a chartist we only have to communicate with the charts and reply accordingly. Today a doji (indecision)is formed. Tomorrow's candle will clear the story to some extent. However I still belive atleast the first target will be met.
CuriousChartist
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@rss9642, Keep supporting and suggesting your views even if against mine. Always a learner.